Retail News

Target says online sales have jumped 275 percent this month

Minneapolis Star Tribune 04/23/2020

Online sales for April have climbed 275 percent at Target. The retailer said that its same-store sales numbers for the current quarter are up seven percent year-over-year. CEO Brian Cornell said the chain will “emerge from this crisis as a stronger company with additional opportunity to grow profitably for years and years to come.” Mr. Cornell said that Target’s first-quarter profit would be negatively affected because it includes additional hazard pay for employees braving the coronavirus pandemic to work.

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